Royalty Report To Alberta Government

[antaynguy]

Hi Everyone,

I work at CNRL where we are constructing an multi-billion dollar oil sand project north of Fort Mac. We are about 80% complete. I believe that we need to lobby our MLAs to reconsider the recommendation made to the government by the Alberta Royalty Review Panel Report to increase the royalties. I believe that the increase might dramatically effect the industry and future oil sand projects. This in turn will affect real estates.

Cheers!

An Tay

PS: Does anyone know how I can attach a PDF file? I will send the list of all the MLAs and the key points to reconsider in the report as it was sent to the CNRL employee by our CEO.

 

[BMironov]

QUOTE (antay @ Sep 27 2007, 01:35 PM) PS: Does anyone know how I can attach a PDF file? I will send the list of all the MLAs and the key points to reconsider in the report as it was sent to the CNRL employee by our CEO.

The document is available as following link (5.62M):
http://rightside.homeip.net/boris.mironov/...yEmp0926071.pdf

Please also read the following 2 documents:
http://www.canada.com/nationalpost/financi...6cf&k=30544
http://www.woodmacresearch.com/cgi-bin/cor....jsp?oid=872279

 

[antaynguy]

QUOTE (BMironov @ Sep 27 2007, 02:03 PM)
The document is available as following link (5.62M):

http://rightside.homeip.net/boris.mironov/...yEmp0926071.pdf



Please also read the following 2 documents:

http://www.canada.com/nationalpost/financi...6cf&k=30544

http://www.woodmacresearch.com/cgi-bin/cor....jsp?oid=872279






Thanks Boris!!

 

[BHoward]

Visit http://www.getitrightalberta.ca/


!
Contact your Member of the Legislative Assembly. Sign our petition. Write a Letter to the Editor. Help others understand the impact of the proposed changes. Be Heard. It takes just two minutes.

 

[WSJ]

QUOTE (BHoward @ Oct 4 2007, 11:45 PM) Visit http://www.getitrightalberta.ca/


!
Contact your Member of the Legislative Assembly. Sign our petition. Write a Letter to the Editor. Help others understand the impact of the proposed changes. Be Heard. It takes just two minutes.


Thank you for providing the link. I just sent a message to my MLA.

There is no magic number that can please everyone. I am happy the way it is now.

Cheers,

Wen Jiang

 

[BMironov]

Globe and Mail:Wall Street to Alberta: Don`t be ‘so stupid` (Oct 5, 2007)
http://www.reportonbusiness.com/servlet/st...ry/robNews/home

QUOTE After years of carefully cultivating an image as an investors` paradise, the Alberta government is getting a rough ride on Wall Street over proposed royalty changes that would significantly reduce profits for oil companies that invest in the province.

Accustomed to dealing with political risk in places like Russia and Venezuela, investors and analysts are stunned that Alberta – which has sold itself as Texas North – has apparently taken such an aggressive approach to the industry that has spawned so much wealth there.

“The Alberta government is doing a classic ‘shoot yourself in the foot` strategy,” said Fadel Gheit, an influential New York-based analyst with Oppenheimer & Co.

“It`s tried and true: If you really want to hurt your economy, start raising taxes on industries that are really basic to the lifeblood of your economy … It`s so stupid – I thought these people were more sophisticated than that.”

It is interesting to see such article in Globe and Mail because many last articles were presenting opposite side of the "Fair share" story.

 

[BMironov]

Very sarcastic article from Financial Post:Render not unto Caesar (Oct 5, 2007)
http://www.canada.com/nationalpost/financi...14-9ab311234b8c

QUOTE Two thousand years ago, the Roman emperor Tiberius, no friend of freedom and under whose reign Jesus Christ was executed, declared the Roman state to be exclusive owner of all mineral rights. Since around that time, just about every government through history has found it convenient to seize ownership of underground mineral rights and extract fat "royalties."
...
The review panel`s report played this angle to the hilt. Royalties, it claimed, are different from taxes. "When a government designs a tax system, it must justify every dollar or fraction of a dollar it takes away from wage earners and business, because that money belongs to the people who earned it. Alberta`s natural resources belong to Albertans, and this is a different proposition. The design of a royalty and tax system for energy resources therefore must justify every dollar that does not go to the owners."

Even Tiberius could have used these guys. So now "every dollar" of revenue from mineral resources belongs to Caesar, and every dollar that Caesar doesn`t get must be justified.
...
Contrary to the review panel`s fraudulent claim that "the people" will win, the fact is that the people will lose and the winner will be Caesar.

 

[DonCampbell]

If you wish to read the complete Alberta Royalty Review report (105 pages), it is posted at this site.

http://www.albertaroyaltyreview.ca/news_archive.html

 

[DonCampbell]

Here is the direct to government website so you can send in your opinion to them as well.

http://www.gov.ab.ca/home/598.cfm

I recommend that you send it here and to the "Get it Right" website posted above in this discussion thread. Get heard now whil the decision is being made.

 

[antaynguy]

Hi Everyone!!ACTION REQUIRED!!!
The deadline for your voice to be heard is tomorrow!!

http://www.gov.ab.ca/home/598.cfm


Over 130 BILLIONS on the line for the annouced projects plus 2 to 3 times more for the
servicing side. If you don`t think this will affect your properties, think again!!!

If you don`t act now, don`t complained after!!!

Cheers!!

An Tay